EXPLORING THE EFFECT OF GOVERNMENT GREEN INCENTIVE ON THE LISTED COAL MINING COMPANY: STUDY CASE OF 5 INDONESIAN COAL MINING SECTOR WITHIN 2012-2022.

Halim, Fernando (2024) EXPLORING THE EFFECT OF GOVERNMENT GREEN INCENTIVE ON THE LISTED COAL MINING COMPANY: STUDY CASE OF 5 INDONESIAN COAL MINING SECTOR WITHIN 2012-2022. S1 thesis, UNIVERSITAS ATMA JAYA YOGYAKARTA.

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Abstract

Company carbon emissions have been a major factor in climate change. Ever since the Paris Agreement, the world has strengthened its will to combat climate change. Many nations have developed their own green financing to support corporate transition towards the green economy. For example, China introduces green insurance as part of green financing. The purpose is to alleviate some costs of companies to invest in green projects while reducing the outward foreign direct investment from the companies in China. On the other hand, Indonesia is one of the top 10 carbon emissions. Indonesia seems to be struggling to incentivize the mining sector, especially in the coal mining industry to transition into renewable energy due to its over-reliance on natural resources to support its economics. There are several approaches taken by countries, such as green subsidies, green taxation, Green Finance Reform and Innovation Pilot Zone policy, and others. Meanwhile, Indonesia currently only relies on the Energy subsidies that come from the government budget. Meanwhile, GDP per capita and international coal prices could also play a role in incentivizing companies to pursue a green economy. This research will try to find the effect of government green incentives, GDP per capita, international coal price, coal mining company stock price, ROA, and D/E ratio, and find the possibility of Granger cause effect in it. Then analyze the common size to see the company process in the transition. The company chosen is the company that has the biggest market cap while also having the availability of data such as annual reports. The coal mining company chosen also needs to have the commitment to pursuing green goals. The company market codes that have been chosen were DSSA, PTBA, ADRO, BYAN, and GEMS. The researcher will also analyze the balance sheet using common size to undermine the proportion of capital attributed to the green transition.

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